About how long until you can buy your truck

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Reference no: EM13890441

You have $30,000 in an account earning 4% annual interest compounded monthly. You will need $40,000 to buy your dream truck. About how long until you can buy your truck?

A. n = 40.45 years

B. n = 10.83 years

C. n = 7.33 years

D. n = 5.27 years

Reference no: EM13890441

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